NewsSignalsAI analysis·Reuters·Nov 11, 2026

Soy basis bids steady to higher

Grade Bbullish AI signal$SOY

U.S. Midwest soybean basis bids held steady to higher on Wednesday, signaling firming local demand despite low prices and ongoing harvest activity. Bids increased 5 cents at a Lafayette, Indiana processor and 2 cents at a Davenport, Iowa river terminal, while the USDA raised its soybean demand outlook and lifted its harvest forecast less than expected. Stronger processor demand and a tighter-than-expected supply outlook could provide support for soybean prices.

Bullish strength: 65/100

Soybean basis bids increased 5 cents in Lafayette and 2 cents in Davenport.
USDA raised its soybean demand outlook.
USDA increased its harvest forecast by less than expected.
January CBOT soybeans settled 2.75 cents higher at $12.30-3/4 per bushel.

Bearish strength: 35/100

Soybean prices remain low, prompting dealers to incentivize farmer selling.
USDA still increased its U.S. soybean harvest forecast.

This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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